John Hancock Income Securities Trust (NYSE:JHS) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

John Hancock Income Securities Trust (NYSE:JHS) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.13 and traded as low as $11.10. John Hancock Income Securities Trust shares last traded at $11.10, with a volume of 12,166 shares traded.

John Hancock Income Securities Trust Stock Down 0.8%

The firm’s 50 day simple moving average is $11.13 and its 200 day simple moving average is $11.47.

John Hancock Income Securities Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were paid a $0.1377 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.55 annualized dividend and a dividend yield of 5.0%.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Several large investors have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in shares of John Hancock Income Securities Trust in the first quarter valued at approximately $27,000. Prestige Wealth Management Group LLC acquired a new position in shares of John Hancock Income Securities Trust during the third quarter valued at approximately $42,000. Riverbridge Partners LLC increased its stake in shares of John Hancock Income Securities Trust by 4.0% during the first quarter. Riverbridge Partners LLC now owns 200,843 shares of the financial services provider’s stock valued at $2,197,000 after acquiring an additional 7,788 shares during the period. Petra Financial Advisors Inc. increased its stake in shares of John Hancock Income Securities Trust by 72.1% during the fourth quarter. Petra Financial Advisors Inc. now owns 19,125 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 8,010 shares during the period. Finally, Fiera Capital Corp increased its stake in shares of John Hancock Income Securities Trust by 16.1% during the third quarter. Fiera Capital Corp now owns 78,037 shares of the financial services provider’s stock valued at $911,000 after acquiring an additional 10,836 shares during the period.

About John Hancock Income Securities Trust

John Hancock Income Securities Trust (NYSE: JHS) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income while preserving capital. Trading on the New York Stock Exchange since its launch in the late 1970s, the trust offers investors access to a broad portfolio of fixed-income securities under a professional management structure.

The fund’s primary investment activities include purchasing U.S. government and agency obligations, investment-grade corporate debt, mortgage- and asset-backed securities, preferred stocks, and selected foreign debt instruments.